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CUMMINS INC. (CMI) Pre-Tax Margin

CUMMINS INC Pre-Tax Margin

Pre-tax margin is the percentage of revenue left as profit after every expense except income tax. It is income before income tax divided by revenue, and the table shows both amounts beside the percentage. It sits between operating margin and net margin: it includes interest and other non-operating items but not the tax charge, so the gap down to net margin is the tax burden. Quarterly and annual points each use the amounts filed for that same period, so a single quarter can swing with the seasons.

  • CUMMINS INC pre-tax margin for the quarter ending 2026-06-30 was 13.67%, a 3.53% decline year-over-year.
  • CUMMINS INC pre-tax margin for the quarter ending 2026-03-31 was 11.12%, a 18.61% decline year-over-year.
  • CUMMINS INC pre-tax margin for the quarter ending 2025-12-31 was 9.27%, a 18.24% increase year-over-year.
  • CUMMINS INC pre-tax margin for the quarter ending 2025-09-30 was 9.98%, a 19.09% decline year-over-year.
  • CUMMINS INC pre-tax margin for fiscal 2025 was 11.77%, a 18.13% decline from fiscal 2024.
  • CUMMINS INC pre-tax margin for fiscal 2024 was 14.38%, a 201.21% increase from fiscal 2023.
  • CUMMINS INC pre-tax margin for fiscal 2023 was 4.77%, a 52.46% decline from fiscal 2022.
  • CUMMINS INC pre-tax margin for fiscal 2022 was 10.04%, a 12.32% decline from fiscal 2021.
Available history
2009-12-31 to 2026-06-30
Data captured

Historical Pre-Tax Margin

DatePre-Tax MarginPre-tax incomeRevenue
2026-06-3013.67%$1.29B$9.46B
2026-03-3111.12%$934M$8.4B
2025-12-319.27%$791M$8.54B
2025-09-309.98%$830M$8.32B
2025-06-3014.17%$1.23B$8.64B
2025-03-3113.67%$1.12B$8.17B
2024-12-317.84%$662M$8.45B
2024-09-3012.33%$1.04B$8.46B
2024-06-3011.11%$977M$8.8B
2024-03-3126.43%$2.22B$8.4B
2023-12-31-14.40%-$1.23B$8.54B
2023-09-3010.41%$878M$8.43B
2023-06-3010.99%$949M$8.64B
2023-03-3112.17%$1.03B$8.45B
2022-12-3110.01%$778M$7.77B
2022-09-308.29%$608M$7.33B
2022-06-3012.98%$855M$6.59B
2022-03-319.05%$578M$6.39B
2021-12-318.79%$514M$5.85B
2021-10-0311.31%$675M$5.97B
2021-07-0412.75%$779M$6.11B
2021-04-0412.85%$783M$6.09B
2020-12-3110.89%$635M$5.83B
2020-09-2713.40%$686M$5.12B
2020-06-289.40%$362M$3.85B
2020-03-2913.07%$655M$5.01B
2019-12-316.51%$363M$5.58B
2019-09-2913.09%$755M$5.77B
2019-06-3014.00%$871M$6.22B
2019-03-3114.07%$845M$6B
2018-12-3111.59%$710M$6.13B
2018-09-3013.55%$805M$5.94B
2018-07-0111.66%$715M$6.13B
2018-04-019.39%$523M$5.57B
2017-12-3110.88%$596M$5.48B
2017-10-0111.77%$622M$5.29B
2017-07-0211.80%$599M$5.08B
2017-04-0211.94%$548M$4.59B
2016-12-3111.28%$508M$4.5B
2016-10-029.12%$382M$4.19B
2016-07-0312.70%$575M$4.53B
2016-04-0310.84%$465M$4.29B
2015-12-314.45%$212M$4.77B
2015-09-2712.14%$561M$4.62B
2015-06-2814.04%$704M$5.02B
2015-03-2911.64%$548M$4.71B
2014-12-3112.02%$612M$5.09B
2014-09-2813.68%$669M$4.89B
2014-06-2913.28%$642M$4.84B
2014-03-3011.60%$511M$4.41B
2013-12-3111.92%$547M$4.59B
2013-09-2912.38%$528M$4.27B
2013-06-3013.55%$613M$4.53B
2013-03-3110.99%$431M$3.92B
2012-12-3111.02%$473M$4.29B
2012-09-3011.83%$487M$4.12B
2012-07-0114.85%$661M$4.45B
2012-04-0114.53%$650M$4.47B
2011-12-3115.40%$758M$4.92B
2011-09-2513.60%$629M$4.63B
2011-06-2616.42%$762M$4.64B
2011-03-2713.52%$522M$3.86B
2010-12-3112.81%$530M$4.14B
2010-09-2612.88%$438M$3.4B
2010-06-2712.22%$392M$3.21B

Annual Pre-Tax Margin

DatePre-Tax MarginPre-tax incomeRevenue
2025-12-3111.77%$3.96B$33.67B
2024-12-3114.38%$4.9B$34.1B
2023-12-314.77%$1.63B$34.07B
2022-12-3110.04%$2.82B$28.07B
2021-12-3111.45%$2.75B$24.02B
2020-12-3111.80%$2.34B$19.81B
2019-12-3112.02%$2.83B$23.57B
2018-12-3111.58%$2.75B$23.77B
2017-12-3111.58%$2.37B$20.43B
2016-12-3111.02%$1.93B$17.51B
2015-12-3110.60%$2.03B$19.11B
2014-12-3112.66%$2.43B$19.22B
2013-12-3112.25%$2.12B$17.3B
2012-12-3113.10%$2.27B$17.33B
2011-12-3114.80%$2.67B$18.05B
2010-12-3112.23%$1.62B$13.23B
2009-12-315.93%$640M$10.8B

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